Sterling Construction Company Inc STRL:NASDAQ

Last Price$14.86NASDAQ Previous Close - Last Trade as of 4:00PM ET 2/14/20

Today's Change0(0.00%)
Bid (Size)$14.00 (2)
Ask (Size)$14.92 (1)
Day Low / HighN/A - N/A
Volume91.2 K

Stock Move: Sterling Construction Shares Slump 12% After Q1 Misses Expectations

1:05PM ET 5/07/2019 MT Newswires
Sterling Construction Company (STRL) shares were 12% lower early Tuesday afternoon after its Q1 results came in lower-than-expected.

Net income fell to $0.07 per share from $0.09 per share a year earlier, falling short of the consensus estimate of $0.13 per share in a Capital IQ survey. Revenue was $223.9 million compared with $222.5 million a year ago and lower than the $225.85 million consensus, according to Capital IQ.

For 2019, the company reaffirmed its forecasts. CEO Joe Cutillo said in a statement that revenue is expected to be between $1.075 billion and $1.095 billion and net income of $29 million to $32 million. The consensus estimates call for a profit of $30.44 million on revenue of $1.09 billion.

Price: 12.13, Change: -1.71, Percent Change: -12.33